After reading this article you will learn about the valuation of assets and liabilities a farm. Valuation of Assets: 1. Plant and Machinery: In case of agri-business activities processing is an important function for which plants and machinery are installed. The valuation of these assets should be done by an engineer who checks the cost and additions and alternations, expenditures [...]
After reading this article you will learn about the meaning and procedure of farm planning. Meaning of Farm Planning: "The farm plan is a process for deciding in the present what to do in the future about the best combination of crops and livestock to be raised through rational use of resources." When a new enterprise is established a complete [...]
This article throws light upon the three key aspects of a farm. The aspects are: 1. Human Aspects 2. Physical Aspects 3. Financial Aspects. 1. Human Aspects: (i) Goals of Farm Family: Scope for a change, i.e., family satisfaction and an additional business approach to achieve both family satisfaction and profit maximization. The farmer's family may not be able to [...]